U.S. healthcare spending has followed a sustained upward trajectory for decades, and current projections indicate that this growth will continue. As of 2024, total spending reached $5.3T and is expected to rise to $8.6T by 2033, a 63.1% increase. Outside of a pandemic-era peak of 19.7% in 2020, healthcare spending had represented a relatively stable share of GDP from 2009 to 2023. However, 2024 healthcare spending accounted for 18.0% of GDP and is expected to grow to 20.3% by 2033, signaling long-term growth that outpaces the broader economy.
Read the full article: Examining CMS’s National Health Expenditure Estimates for 2024 //
Source: https://www.trillianthealth.com/market-research/studies/examining-cmss-national-health-expenditure-estimates-for-2024